SBI has extended till 30th September 2009 the facility whereby its existing SME customers can avail themselves of term loans as well as 20% additional working capital at 8% concessional rate of interest. For new SME customers with loan requirements upto Rs 5 lacs the new rate is 8% and for those whose requirements are above Rs 5 lacs but less than Rs 25 lacs the rate offered is 10%. However the loan should be guaranteed under the Credit Guarantee Trust Fund for Micro and Small Enterprises. (BL120409)
Tuesday, April 14, 2009
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